Freeport-McMoRan Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Freeport-McMoRan Inc. (FCX) reported a profit for its third quarter that climbed from last year.

The company's profit came in at $1.40 billion, or $0.94 per share. This compares with $0.33 billion, or $0.22 per share, in last year's third quarter.

Excluding items, Freeport-McMoRan Inc. reported adjusted earnings of $1.32 billion or $0.89 per share for the period.

Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 57.9% to $6.08 billion from $3.85 billion last year.

Freeport-McMoRan Inc. earnings at a glance:

-Earnings (Q3): $1.32 Bln. vs. $0.43 Bln. last year. -EPS (Q3): $0.89 vs. $0.29 last year. -Analysts Estimate: $0.81 -Revenue (Q3): $6.08 Bln vs. $3.85 Bln last year.